公司化运作的地方政府贷款风险控制

各级地方政府采取多种方式设立的政府性公司,进行大量的债务融资活动用以进行基础设施和公共事业项目的建设。由于地方政府行政管理体制和融资管理制度的缺陷、商业银行对地方政府债务风险认识上的偏差、以及宏观调控政策的直接影响,此类公司化运作的政府性贷款风险已经成为当前银行业信贷风险的突出问题。本文以嘉兴市为例,揭示了公司化运作的地方政府贷款的风险和产生风险的原因,并从地方政府和商业银行两个层面提出了规范地方政府融资行为,加强政府性公司的信贷管理,防范和化解公司化运作的地方政府信贷风险的建议。

Local governments have put large amount investments in infrastructure and public projects in many indirect ways such as establishing numerous state-owned investment corporations in recent years. However, this kind of credit loans has become one of main risks for commercial banks due to the potential defaults of the debtor related to the defects of administrative and financing systems of local governments, the commercial banks' misunderstanding of local governments' risks, and the impact of the current macroeconomic regulation policies, etc. Based on the case study of this kind of risks in Jiaxing city, the paper proposes that China should strengthen the management of government investments and the control of commercial banks risk.